Although the number of foreign direct investment (FDI) projects in Romania in 2023 decreased by 13%, investor optimism remains strong, with 67% anticipating an increase in the country’s attractiveness as an investment destination over the next three years, compared to 41% in the previous year, as per the EY Romania attractiveness study conducted in the first part of 2024.
Delgaz Grid, part of E.ON Romania group, has so far submitted 20 investment projects which total RON3.3 billion and target SMART metering, the modernization of transformer stations, high, medium and low voltage networks, and the increase of the network capacity.
Romania continues to face major challenges in managing and recycling packaging waste, with the latest data showing that the country has recycled only 38.31% of packaging waste, marking a decline of 1.56 percentage points, in line with information put together by the National Institute of Statistics (INS).
Agir Global, a steel producer of Turkey, has entirely acquired Steel Service Center Sidma Romania SRL, a subsidiary of Greek Sidma Group.
inHEART, a medical devices company, in early May 2024 raised $11 million to to drive commercial growth of its therapeutic software solution for cardiac ablation procedures and advance the development of its predictive cardiac models for heart failure, sudden cardiac death, and cardio-embolic stroke.
NY’ER Romania based in Cluj-Napoca, the operator of the local New Yorker stores, reported a turnover of RON586.6 million (EUR118.6 million) for 2023, up 13% from a turnover of RON518.5 million (EUR105.1 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.